Form 4: LivePerson CFO and COO, John DeNeen Collins, Reports Acquisition of 840,000 Restricted Stock Units

John DeNeen Collins, CFO and COO of LivePerson, Inc., reports the acquisition of 840,000 Restricted Stock Units (RSUs) on September 23, 2024.

Summary

• On September 23, 2024, John DeNeen Collins, the CFO and COO of LivePerson, Inc., acquired 840,000 Restricted Stock Units (RSUs).
• These RSUs were granted under the LivePerson, Inc. 2019 Stock Incentive Plan.
• Each RSU represents a contingent right to receive one share of LivePerson common stock.
• The RSUs are scheduled to vest on the first anniversary of the grant date, contingent upon Collins' continued employment with LivePerson.
• Following the reported transaction, Collins beneficially owns 1,127,604 shares of common stock, including 930,546 unvested RSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard executive compensation practice, indicating confidence in the executive's continued contribution to the company.

Positives

• The grant of RSUs to a key executive like the CFO and COO can be seen as an incentive to align their interests with the long-term success of the company.

Future Outlook

The RSUs will vest on the first anniversary of the grant date, contingent upon the reporting person's continued employment with the issuer.

Industry Context

This type of equity compensation is common in the tech industry to incentivize executives and align their interests with shareholders.

Comparison to Industry Standards

• Equity grants are a standard component of executive compensation packages in publicly traded companies, particularly in the technology sector.
• Companies like Salesforce, Zoom, and Twilio also utilize RSUs as part of their executive compensation plans.
• The size of the grant is relative to the executive's role, company size, and overall compensation strategy.

Stakeholder Impact

• The RSU grant aligns the executive's interests with those of the shareholders, potentially driving long-term value creation.

Key Dates